Former FTX exec Singh agrees to plead guilty to fraud charges - report

Nishad Singh, former FTX ( FTT-USD ) director of engineering, agreed to plead guilty to fraud charges at a hearing in Manhattan federal court on Tuesday. The development follows similar pleas by other members of disgraced FTX founder Sam Bankman-Fried's inner circle. Caroline Ellison, former CEO of Alameda Research, and FTX co-founder Gary Wang pled guilty to federal fraud charges . The charges against Singh include one count of wire fraud, one count of conspiracy to commit wire fraud on customers of the bankrupt exchange, and one count of conspiracy to commit commodities fraud, Reuters reported . Singh last month reportedly engaged with the U.S. Attorney's Office in the Southern District of New York to seek a plea deal . Several former FTX executives hired lawyers to discuss cooperating with prosecutors, including Daniel Friedberg, FTX's former top counsel, Reuters noted citing a person familiar with the matter. Bankman-Fried, who is facing a string of federal charges and will go on trial in October, has pleaded not guilty to fraud and other charges. Last week, he was indicted with additional criminal charges, including making unlawful political contributions .